Answer:
The vaule of technology in business is very important like the most important of the business because it help keeps tracks of things, save database, and it help the business grow.
Answer:
Unitary cost= $24
Explanation:
Giving the following information:
Total direct material= $13,116
Direct labor= $22,560
Factory overhead= $16,788
Number of units= 2,186
<u>First, we need to calculate the total cost:</u>
Total cost= 13,116 + 22,560 + 16,788
Total cost= $52,464
<u>Now, the unitary cost:</u>
Unitary cost= total cost / number of units
Unitary cost= 52,464 / 2,186
Unitary cost= $24
Answer:
True
Explanation:
A partnership business formation may be composed of general partners and limited /silents partners. The general partner is actively involved in managing the day to day business affairs of the partnership business. He or she makes business decisions on behalf of the business.
A general partner has unlimited liability to the obligations of the business. The reason being that he participates in managing the business affairs of the partnership. The general partner is, therefore, personally liable for the debts of the business. His or her properties can be sold to settle the obligations of the partnership. The general partner does not need to have been involved in creating the liability.
Answer: A. the firm could produce 3 more units of output if it increased its use of capital by one unit (holding labor constant).
Explanation:
The Marginal Rate of Technical Substitution(MRTS) is calculated as follows:
= Marginal product of labor / Marginal product of capital
= 1 / 3
Marginal product of labor = 1
Marginal product of capital = 3
This means that if one unit of labor is used, it produces 1 unit of output.
If one unit of capital is used however, it produces 3 units of output.
If a firm therefore used one unit of capital and kept labor constant, it could produce 3 units out output.